|05-25-2018 02:51 PM CET - Business, Economy, Finances, Banking & Insurance||
Global On-the-go Food Packaging Market: Crucial Study of Industry, Top Players and Forecasts till 2026
Press release from: Fact.MR
Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of on-the-go food Packaging market. The study is titled as “On-the-go Food Packaging Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global on-the-go food Packaging market.
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The report further reveals that North America and the Asia-Pacific excluding Japan (APEJ) region are the most lucrative marketplaces for adoption of on-the-go food packaging. By the end of 2026, North America will emerge as the largest market for on-the-go food packaging, reaching an estimated valuation of US$ 308 Mn.
3 Key Pointers Highlighting Fact.MR’s Forecast on Global On-the-go Food Packaging Market
1. With respect to packaging materials, polyethylene terephthalate is expected to register highest consumption in the global on-the-go food packaging market. In 2017, more than 1,650 thousand tons of on-the-go food packaging products made of polyethylene terephthalate were sold globally. High density polyethylene and aluminum are also observed as key packaging materials, and are expected to register high volume CAGRs over the forecast period.
2. In 2017, over 500 thousand tons of on-the-go food packaging trays were sold in the global market. The report estimates a robust demand for trays as the key type of on-the-go food packaging. The report further reveals that rigid boxes will represent the leading packaging-type segment, and will register a volume CAGR of 6.3% over the forecast period.
3. By the end of forecast period, over 3,800 thousand tons of on-the-go food packaging products will be used for convenience food applications worldwide.
Rigid Boxes to Remain Top-sellers for On-the-go Food Packaging
Effective use of rigid containers to carry and serve on-the-go foods has driven their demand in the global on-the-go food packaging landscape. Over the forecast period, rigid boxes are estimated to register highest volume CAGR of 6.3% in terms of packaging type. Key findings from the report also reveal that majority of on-the-go food packaging products will be used for convenience food applications. The application of on-the-go food packaging in convenience foods is estimated to account for approximately 50% of the overall global market volumes during the forecast period. Through 2026, majority of on-the-go food packaging products will be fabricated through thermoforming techniques.
Consumption of Polyethylene Terephthalate Materials to Remain High through 2026
The report reveals that polyethylene terephthalate will remain a highly-used packaging material in the global on-the-go food packaging market throughout the forecast period. In 2017, more than 1,600 thousand tons of on-the-go food packaging products sold in the world were made of polyethylene terephthalate. The report has also observed a growing use of high density polyethylene and aluminum as key on-the-go food packaging materials in the global packaging landscape. Over the forecast period, on-the-go food packaging products made of aluminum and high density polyethylene will register robust volume CAGRs.
Leading companies in the global on-the-go food packaging market have been profiled in the report. Companies namely, Mondi Group, Amcor Limited, Bemis Company Inc., Sonoco Products Company, Huhtamäki Oyj, Smurfit Kappa Group PLC, Georgia-Pacific LLC, Sealed Air Corporation, Constantia Flexibles Group GmbH, and Berry Plastic Group, Inc. are expected to spearhead the production of on-the-go food packaging products across the globe during the forecast period. Integrating smart packaging technologies and introducing new packaging designs will be a key characteristic of the global on-the-go food packaging manufacturing landscape in the foreseeable future.
Browse Full Report with TOC- www.factmr.com/report/476/on-the-go-food-packaging-market
Table of Content:
1. Global Economic Outlook
2. Global On-the-go Food Packaging Market – Executive Summary
3. Global On-the-go Food Packaging Market Overview
3.1.1. Global On-the-go Food Packaging Market Taxonomy
3.1.2. Global On-the-go Food Packaging Market Definition
3.2. Global On-the-go Food Packaging Market Size (US$ Mn), Volume (‘000 Tonnes) and Forecast, 2012-2026
3.2.1. Global On-the-go Food Packaging Market Y-o-Y Growth
3.3. Global On-the-go Food Packaging Market Dynamics
3.4. Retail Industry- Top 250 Players Quick Statistics
3.5 Top 10 Retailers (2017)
4. Global On-the-go Food Packaging Market Supply Demand Analysis
4.1. Number of Manufacturers by Region
5. Pricing Point Analysis
5.1. Price Point Assessment by Region
6. Global On-the-go Food Packaging Market Analysis and Forecast 2012-2026
6.1. Global On-the-go Food Packaging Market Size and Forecast By Packaging Material, 2012-2026
6.1.1. Polyethylene Terephthalate (PET, PETE, PETG or polyester) Market Size and Forecast, 2012-2026
18.104.22.168. Revenue (US$ Mn) & Volume (‘000 Tonnes) Comparison, By Region
22.214.171.124. Market Share Comparison, By Region
126.96.36.199. Y-o-Y growth Comparison, By Region
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Industrial Goods market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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